GARDEN REACH SHIPBUILDERS ENGINEERS LTD Q1 RESULTS
Midcaps stocks for long term investors: 5 stocks from different sectors with right financial & growth matrix and upside potential of up to 49%
Buying quality stocks should be one of the basic principles while investing in markets. But when one is buying mid-cap stocks this principle becomes even more important for multiple reasons. At this point of time, when valuations are high and small corrections can lead to strong negative reactions in stock prices. So, while capital gains is the objective, never lose the perspective of protecting capital from sudden shocks. Now how does one do it? Look at the underlying business which is best understood by going through its annual report and look at a certain basic ratio in order to figure out how much return that underlying business can generate in best and worst case.
Mazagon Dock shares surge over 4% amid talks of Rs 35,000 crore deal with Ministry of Defence
MDL shares rose 4.3% as discussions with MoD for Rs 35,000 crore deal on Kalvari-class submarines progress with 60% indigenous content commitment.
Fresh tailwinds of export markets: 5 stocks from engineering sector, 4 with upside potential of up to 30%
They say that tough times bring the best out of some. In case of India Inc, there are many examples where the economic slowdown post 2008 global financial crisis, made companies deal with all kinds of troubles and after various permutations and combinations they were able to find solutions, first to survive and then grow. In the case of engineering companies where the role overlapped to some extent with capital goods, it was the export market which turned out to be the solution. Because it is not easy to venture into the export market as there are large global players who ensure that it is not easy to get into their turf. For some companies it was a long drawn process which is now delivering results and leading to a situation where the return on capital and effort employed is much better today.
As Modi 3.0 begins, where the economy stands, where it's headed
Narendra Modi is set to begin his third term as PM with a full-strength NDA team, amidst optimism for India's economic future. RBI Governor Shantikanta Das highlighted the country's robust economic growth, strong manufacturing sector, recovering rural demand, and promising investment activity. India's external sector remains resilient, with positive growth prospects ahead.
GRSE shares surge 8% after it becomes L1 bidder for DRDO order
GRSE further informed that the deal is still in its negotiation phase and has not been signed yet. The company has given multibagger returns of 169% to its investors in the last year while in the last 6 months, the shares of GRSE have increased by 60.3%.
In a growing economy, new defensive sectors tend to emerge: 5 tiles and ceramic and home makers stocks with upside potential of up to 41%
Many times the word, defensive stocks is used on the street. Most of the time it is FMCG, pharma and others which are referred to as defensive stocks. The reason being that the demand for these companies is steady and is not impacted much even when there is any slowdown in an economy. The question is in an economy which is growing faster and new areas of consumption are coming up every second day, where the demand from being seasonal and cyclical has reached a stage where in all economic conditions it stays above single digit, shouldn't those also be considered as defensive and valued accordingly. Probably the Indian economy has reached a stage where the demand for tiles, ceramic and home building products, ex-cement has reached a level where in worst cases it will not go below a point.
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Technical Breakout Stocks: How to trade Garden Reach Shipbuilders, Cochin Shipyard and RVNL on Friday
Sensex rose nearly 1,200 points to hit a record high of 75,499 and Nifty settled near 23,000. Buying was seen in banks, capital goods, auto and consumer durables. Healthcare and metal stocks saw little selling pressure. Garden Reach Shipbuilders rose 20% to hit a fresh record high.
GRSE shares surge 20% after posting doubling Q4 profit but ICICI Securities screams sell
Shares of PSU defense company Garden Reach Shipbuilders (GRSE) experienced a significant surge of 20% on the BSE on Thursday, reaching a new all-time high of Rs 1,424.80. This surge followed the company's announcement of a remarkable 104% year-on-year (YoY) increase in its net profit to Rs 112 crore.
Best hedge trimmers in India for meticulous trimming and superior performance
This article lists the best hedge trimmers in India and highlights top models in various categories to suit different needs. For cordless options, the BLACK+DECKER GTC18502PCF-B1 stands out with its 18V battery, POWERCOMMAND™ button, and ergonomic design, while the EVEAGE Cordless Grass Shears offer a versatile 2-in-1 tool with an 8V rechargeable battery and lightweight build. In the electric category, the GARDENA 9831-20 EasyCut is praised for its 450W motor, dual-action blades, and ergonomic handling, making it ideal for small to medium hedges. The STIHL HSE 42 provides consistent power with a 500 mm metal blade and a lightweight design for ease of use. For those on a budget, the BLACK+DECKER GT4245-B1 offers a 420W motor, 45 cm blade, and essential safety features like a cable management system and protective guard.
Q4 results this week: ITC, ONGC, Sun Pharma, Nykaa, Ircon International and IRFC
ITC, ONGC, IRFC, Ircon International, BHEL, BEL, Sun Pharma, Nykaa, Tata Investment Corporation, Hindalco, Ashok Leyland, and Divi's lab will be releasing their March quarter report cards this week.
Best Power Tillers in India: Powerful Performance for Your Fields
Discovering India's Top Power Tiller: Unearthing the Perfect Blend of Efficiency and Durability. In a saturated market, finding the ideal power tiller can be daunting. This comprehensive guide sifts through the options, highlighting performance, affordability, and reliability. From robust engines to user-friendly features, uncover the ultimate choice for your agricultural needs.
Best Grass Trimmers in India: Trimming Excellence
Discover the top grass trimmers revolutionizing lawn care in India. From powerful electric models to efficient cordless options, this roundup unveils the ultimate tools for pristine lawns. Whether you're a professional landscaper or a home gardener, find the perfect trimmer to keep your green spaces neat and trim with ease.
Defence stocks: Stay bullish, just hedge a bit to avoid narrative-based decisions; 4 stocks with upside potential of up to 33%
One of the sectors which has seen strongest re-rating in the last four years has been defence. Now in the last few days, the way markets have corrected and a narrative has come on the street that it is poll jitters which is making FPI sell, without realizing the fact that after a strong phase of upward movement, the global money tends to move in one from one country to another, especially in emerging market segment, it might lead to a situation where one might end up selling the long term winner early because of the narrative. Rather than getting jittery, it would be better to create a hedge and stay with the stocks where there has been a big change in the fundamental ways things operate.
This equity mutual fund delivered highest returns in April. Know what it bought and sold in the month?
HDFC Defence Fund bought 4.8 lakh shares or 1.76% in Garden Reach Shipbuilders. In multibagger Mazagon Dock Shipbuilders and smallcap JNK India, this fund purchased 1,55,901 (1.36%) and 4,96,367 (1.28%) shares, respectively. The market value of these shares at the end of April 30, 2024, stood at Rs 47.47 crore, 36.62 crore and 34.47 crore, respectively.
TCS beats the estimates. Will other 5 IT majors be able to do it? If yes, this 13.05% will change the Nifty’s behaviour for good
Rs 33.44 / Rs 34.41 / 13.05% will these three numbers change how the Nifty behaves in next few days. By the time you are reading this, headlines about TCS beating the Q4 estimate would be running on the ticker. The question is what determines that the company has beaten the estimates and how it makes a difference to the fortune of these shareholders of the company and street and nifty as a whole. In the case of TCS, the estimated EPS for Q4 the analysts was Rs 33.44 for the Q4 for FY 24 and the actual numbers were Rs 34.31. While it might appear that this is a mere difference of just 87 paisa, but the fact is in an over researched and heavily institutionally owned stock that it is a good enough difference of expectations for stock to move sharply in the short term. What are the estimates of earnings for 5 large companies? And will they change the course of Nifty.
Skepticism on stock price vs tailwinds of policy push: 4 defence sector stocks with upside potential of up to 26%
In the last four years of bull run, among the PSU space, defence was the first sector to see a re-rating, infact it was the sector which led back the resurgence of the PSU space which was then followed by railways and then NBFCs which are lending to particular sectors. Now the fact that the defence stocks have run up sharply and sitting with gains, questions are bound to come on whether they have priced all the positives or not. A part of the answers lies in looking at how the stock behaved in recent times and whether the macro operating picture of the sector has changed or not. On the price front, in the corrective move of March, after initial correction due to profit booking, some of the defence stocks have once again moved upward and are quoting close to all time high, indicating demand for the paper from this sector. On the fundamental front, the operating matrix is better and probably it is one of the sectors where the continuation in policy making will have the biggest positive impact.
Shipping stocks surge up to 12% led by multibagger Mazagon Dock
Cochin Shipyard also hit its 52-week high of Rs 1,062 on the NSE, gaining 8% in the intraday trade. Garden Reach Shipbuilders shares remained unbeaten over the past three sessions, extending gains to 18%.
SpiceJet takes ownership of Q400 aircraft from NAC to save more money
SpiceJet has secured ownership of six Q400 aircraft through a settlement with NAC, saving on monthly rentals and bolstering long-term finances. Recent agreements with aircraft lessors position the airline for substantial savings of Rs 1,252 crore.
L&T Q3 Results: Net profit rises 15% YoY to Rs 2,947 crore
During the quarter, the company received orders worth Rs 75,990 crore at the group level registering a growth of 25% on a year-on-year basis. Orders were received across businesses like offshore verticals of hydrocarbon, solar EPC & Power Transmission, Water Utilities, Buildings & Factories, and Minerals & Metals sectors. International orders at ₹ 50,562 crore during the quarter comprised 67% of the total order inflow.
Bharat Electronics Ltd bags orders worth Rs 2,673 crore from two firms
"BEL received orders worth Rs 2,673 crore from Goa Shipyard Limited (Rs 1,701 crore) and Garden Reach Shipbuilders & Engineers ( Rs 972 crore) for supply of 14 types of sensors for use on Next Generation Offshore Patrol Vessels (NGOPV)," the filing said.
PSU defence stock tumbles 7% after post Q4 earnings
Garden Reach Shipbuilders & Engineers (GRSE) saw a 7% drop in its share price in Thursday's trading despite reporting a 17.16% increase in profit after tax (PAT) for the March quarter. GRSE's PAT increased to Rs 55.3 crore compared to Rs 47.2 crore a year ago, while revenue from operation rose by 10.68% to Rs 601.17 crore for the same period. Cmde Hari PR, IN (Retd) Chairman and MD of GRSE said the company had the "best ever" financial performance during FY 22-23, which was a credit to the team's resilience and resolve.
A Defence stock and a shipbuilder with potential of 10% and 5% rise
On Tuesday, the markets came under a bout of profit-taking with the Nifty ending the day with a loss of three-fifths of a percent. The index had opened on a good note hitting a high point in the early minutes of the trade. The Bank Nifty remained upbeat, though.
Airlines have a cousin called shipping: A few survivors & winner takes it all
There are some industries in which many players enter with much fanfare but the majority of them don't survive for long. Both airlines and shipping companies fall in this category. Why do they enter? Because imagine a world without airlines and shipping, so size and need is huge. Problem lies elsewhere. The promoters need to conserve cash when going is good and that is where they exactly fail
This PSU multibagger defence stock gets an upgrade from ICICI Securities
During an investor call with the brokerage, the management said it sees benefits from the ongoing fleet expansion drive in defence and that EBITDA margin during the quarter was lower due to all the recent orders coming via competitive bidding
Multibagger defence stock plunges over 9% after Q3 results
GRSE posted a total income of Rs 749.38 crore in the quarter ended December 2022 as against Rs 530.86 crore during the quarter ended December 2021, recording a gain of 41%. The company's EPS stood at Rs 5.58 for Q3FY23 as compared to Rs 5.49 for the period Q3FY22.
Sell Garden Reach Shipbuilders & Engineers, target price Rs 390: ICICI Securities
Garden Reach Shipbuilders & Engineers Ltd., incorporated in the year 1934, is a Small Cap company (having a market cap of Rs 5193.21 Crore) operating in Shipping sector.
Sell Garden Reach Shipbuilders & Engineers, target price Rs 390 : ICICI Securities
Garden Reach Shipbuilders & Engineers, incorporated in the year 1934, is a Small Cap company (having a market cap of Rs 4881.06 Crore) operating in Shipping sector.
Buy Garden Reach Shipbuilders & Engineers Ltd., target price Rs 584: ICICI Direct
ICICI Direct has buy call on Garden Reach Shipbuilders & Engineers with a target price of Rs 584. The current market price of Garden Reach Shipbuilders & Engineers Ltd. is Rs 491.7.
Sell Garden Reach Shipbuilders & Engineers, target price Rs 390: ICICI Securities
Garden Reach Shipbuilders & Engineers Ltd., incorporated in the year 1934, is a Small Cap company (having a market cap of Rs 5667.46 Crore) operating in Shipping sector.
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